CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%

Price spread now: Lighter against QFEX+0.024%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.131%+$113 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.024%, 7d avg −0.082%

Together, before fees+1.097%+ Points / potential airdropLighter: Season 3 · farm board+$110 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.105% dearer against QFEX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	93.060	−0.0032	get 0.0004% / 1h	3m 24s	$2.5M	$1.7M	10x
Short	Lighter WTI	93.082	0	get 0.0000% / 1h	3m 24s	$11.2M	$10.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee LighterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $6.82
Price spread: +0.024% → −0.082%: $10.54
Slippage, 4 orders: −$4.56
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.8
Costs to cover: 0.146%
Break-even: 4.1 days

Slippage from QFEX: live order book, 4 min ago; Lighter: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 4 min ago	1.61 bp	7.4 bp −$7	7.7 bp −$77	9.5 bp −$945	doesn't fit
Sell Lighter live order book, 5 min ago	0.22 bp	0.2 bp $0	0.3 bp −$3	7.4 bp −$736	26.2 bp −$13.1K

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0609%	1h	93.060	0.000%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.102	+0.045%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.964	−0.103%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	93.060	0.000%	$244.9M	$953.3M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.111%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	93.040	−0.021%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0145%	1h	93.142	+0.088%	$963K	$654K	10x	as long as short
OKX CL-USDT-SWAP	−0.0082%	4h	93.050	−0.011%	$42.6M	$102.9M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.130	+0.075%	$2.1M	$22.0M	10x	as long as short
tradeXYZ xyz:CL	−0.0075%	1h	93.059	−0.001%	$185.2M	$217.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0069%	1h	93.009	−0.055%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0061%	8h	93.010	−0.054%	$20.9M	$53.3M	100x	as long as short
edgeX CLUSDC	−0.0047%	4h	92.984	−0.082%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.333%	$402K	$944K	15x	as long as short
QFEX CL-USDlong	−0.0032%	1h	93.060	long leg	$2.5M	$1.7M	10x
Bitget CLUSDT	−0.0030%	4h	93.059	−0.001%	$42.0M	$43.6M	100x	as long as short
Lighter WTIshort	0.0000%	1h	93.082	+0.024%	$11.2M	$10.6M	20x
dYdX WTI-USD	0.0000%	1h	93.099	+0.042%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.071	+0.012%	$26.7M	$81.0M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	−0.054%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.062	+0.002%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.618	−0.475%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.076	+0.017%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.069	+0.009%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.060	0.000%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.080	+0.021%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.072	+0.013%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.091	+0.033%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.165	+0.113%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	93.089	+0.031%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.980	−0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.060	0.000%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.117	+0.061%	$274K	$871K	25x	as long as short
BloFin CL-USDT	+0.0159%	4h	93.000	−0.064%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	93.055	−0.005%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.712%	$19K	$11K	30x	as long as short